Circular and Notice of General Meeting

RNS Number : 4329U

Ashoka India Equity Investment Tst

25 November 2019

 

25 November 2019

LEI: 213800KX5ZS1NGAR2J89

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO INDIA, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA (OTHER THAN THE UNITED KINGDOM) OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL. PLEASE SEE THE SECTION ENTITLED "DISCLAIMER" TOWARDS THE END OF THIS ANNOUNCEMENT.

Ashoka India Equity Investment Trust plc 

(the "Company" or "Ashoka India Equity Investment Trust")

Publication of Circular and Notice of General Meeting

Ashoka India Equity Investment Trust announces that it has today published a shareholder circular (the "Circular") to convene a general meeting to be held on 12 December 2019 (the "General Meeting"). The primary purpose of the meeting is to extend the Company's authority to allot new shares on a non-pre-emptive basis and to allow the implementation of a new share issuance programme. Full details of the resolutions to be voted on by shareholders of the Company at the General Meeting, along with the time and location of the General Meeting, are contained within the Circular.

Copies of the Circular will shortly be available for inspection at the Company's registered office (Mermaid House, 2 Puddle Dock, London EC4V 3DB) and via the Company's website (www.ashokaindiaequity.com). The Circular will also shortly be available via the National Storage Mechanism (www.morningstar.co.uk/uk/NSM).

The Company intends to publish a new prospectus soon after the General Meeting containing details of a new share issuance programme. A further announcement giving details of the prospectus will be made in due course.

This announcement has been released on behalf of the Company by order of the Board.

Enquiries:

PraxisIFM Fund Services (UK) Limited

Maria Matheou / Anthony Lee

020 7653 9690

Peel Hunt LLP

Luke Simpson / Liz Yong / Tom Pocock

020 7418 8900

Disclaimer

This announcement does not constitute a prospectus relating to the Company and does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares in the Company in any jurisdiction nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with or act as any inducement to enter into, any contract therefor.

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated by the Financial Conduct Authority, is acting for the Company only in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the regulatory protection afforded to clients of Peel Hunt or advice to any other person in relation to the matters contained herein.

The shares of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933 (as amended) (the "Securities Act") or under the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold into or within the United States, absent registration, except pursuant to an applicable exemption from, or in a transaction that is not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States. Moreover, the shares of the Company have not been, nor will they be, registered under the applicable securities laws of India, Australia, Canada, the Republic of South Africa, Japan or any member state of the EEA (other than the United Kingdom). Further, the Company is not, and will not be, registered under the US Investment Company Act of 1940, as amended. The shares of the Company will be offered outside of the United States pursuant to the provisions of Regulation S of the Securities Act. Subject to certain exceptions, the shares of the Company may not be offered or sold in India, the United States, Australia, Canada, the Republic of South Africa, Japan or any member state of the EEA (other than the United Kingdom or to professional investors in certain EEA member states for which marketing approval has been obtained) or to, or for the account or benefit of, any national, resident or citizen of India, the United States, Australia, Canada, the Republic of South Africa, Japan or any member state of the EEA (other than the United Kingdom or to professional investors in certain EEA member states for which marketing approval has been obtained). The distribution of this announcement, in other jurisdictions may be restricted by law and the persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.

None of the Company, Acorn Asset Management Ltd (the "Investment Manager"), White Oak Capital Management Consultants LLP (the "Investment Adviser") or Peel Hunt, or any of their respective affiliates, accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to this announcement, including the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of the announcement or its contents or otherwise arising in connection therewith. The Company, the Investment Manager, the Investment Adviser and Peel Hunt, and their respective affiliates, accordingly disclaim all and any liability whether arising in tort, contract or otherwise which they might otherwise have in respect of this announcement or its contents or otherwise arising in connection therewith. 

 

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